UPDATE: Wedbush Lowers PT on Oracle on Macro/Secular Headwinds - Oracle (NYSE:ORCL)

27% profit every 20 days?

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In a report published on Friday, Wedbush analyst Steve Koenig lowered the price target on Oracle (NASDAQ: ORCL) from $36 to $34 and reiterated a rating of Neutral on the company. In the report, Wedbush stated, "ORCL missed 4Q revenue expectations by about $160M (about 150 bps), largely on weak licenses...Despite ORCL's 3Q miss, this miss shocked us. ORCL rarely misses a 4Q, and the company had set expectations for growth to decelerate...We think the miss stems primarily from a weak global demand environment, and secular pressures on ORCL's on-premise applications business due to SaaS competition." Oracle closed on Thursday at $33.21.

27% profit every 20 days?

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